Investing.com - Tesla reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Tesla announced earnings per share of $2.14 on revenue of $7.38B. Analysts polled by Investing.com anticipated EPS of $1.64 on revenue of $6.95B. That with comparison to EPS of $1.93 on revenue of $7.23B in the same period a year before.Tesla had reported EPS of $1.86 on revenue of $6.3B in the previous quarter.Analysts are expecting EPS of $0.82 and revenue of $6.63B in the upcoming quarter.
Tesla shares are up 38% from the beginning of the year and are trading at $590.00 , down-from-52-week-high.They are outperforming the Nasdaq which is up 2.61% year to date.
Tesla shares gained 1.56% in after-hours trade following the report.
Tesla follows other major Consumer Cyclical sector earnings this month
Tesla's report follows an earnings beat by VF on Thursday, January 23, 2020, who reported EPS of $1.23 on revenue of $3.38B, compared to forecasts EPS of $1.10 on revenue of $3,872M.
PACCAR had beat expectations on Tuesday with fourth quarter EPS of $1.53 on revenue of $5.71B, compared to forecast for EPS of $1.51 on revenue of $5.58B.
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